Gas Prices Continue To Drop

Gas prices are 10 cents lower in Western Pennsylvania this week at $4.231 per gallon, according to AAA East Central’s Gas Price Report.  Motorists are continuing to see relief at the pump as the national gas price average declines for the fifth consecutive week. Today’s national average is six cents less than last week at $3.86 per gallon. Crude oil prices have also continued to fall as the U.S. and Iran work toward a long-term deal. Despite lower prices, demand could rise as a record number of Americans prepare to travel for Independence Day weekend, with 85% planning to drive to their destinations. The current national average is 53 cents less than a month ago, but 58 cents more than a year ago.  According to new data from the Energy Information Administration (EIA), gasoline demand decreased last week from 9.21 million barrels per day to 8.77 million. Total domestic gasoline supply increased from 214.2 million barrels to 216.3 million. Gasoline production decreased last week, averaging 9.5 million barrels per day.